MC Mining Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Godfrey Gomwe

Chief executive officer

US$912.9k

Total compensation

CEO salary percentage	27.4%
CEO tenure	2yrs
CEO ownership	1.0%
Management average tenure	no data
Board average tenure	2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Godfrey Gomwe's remuneration changed compared to MC Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$9m
Sep 30 2023	n/a	n/a	-US$7m
Jun 30 2023	US$913k	US$250k	-US$4m
Mar 31 2023	n/a	n/a	-US$13m
Dec 31 2022	n/a	n/a	-US$21m
Sep 30 2022	n/a	n/a	-US$21m
Jun 30 2022	US$304k	US$67k	-US$21m

Compensation vs Market: Godfrey's total compensation ($USD912.93K) is above average for companies of similar size in the German market ($USD401.52K).

Compensation vs Earnings: Godfrey's compensation has increased whilst the company is unprofitable.

CEO

Godfrey Gomwe (67 yo)

2yrs

Tenure

US$912,929

Compensation

Mr. Godfrey Gregory Gomwe, BAcc, MBL, CA(Z), CD(SA), had been a Non-Executive Director of MC Mining Limited since April 11, 2022 until April 27, 2022 and serves as its Director, Managing Director & Chief E...

Board Members

Name	Position	Tenure	Compensation	Ownership
Godfrey Gomwe	MD, CEO & Director	2yrs	US$912.93k	0.98% $ 390.9k
Andrew Mifflin	Independent Non-Executive Director	9.3yrs	US$183.07k	no data
Yi He	Non-Executive Director	1.1yrs	no data	2.12% $ 846.8k
Nhlanhla Nene	Independent Non-Executive Chairman	2yrs	US$207.65k	no data
An Chee Sin	Independent Non-Executive Director	6yrs	US$183.33k	5.25% $ 2.1m
He Zhen	Non-Executive Director	6yrs	US$140.78k	0.065% $ 25.9k
Ontiretse Senosi	Non-Executive Director	2yrs	US$140.78k	23.38% $ 9.3m
Julian Hoskin	Independent Non-Executive Director	1.1yrs	no data	no data

2.0yrs

Average Tenure

63yo

Average Age

Experienced Board: G1V's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

MC Mining Management

Management criteria checks 0/4

Key information

Recent management updates

MC Mining Limited Announces Nhlanhla Nene Will Step Down as Director and Chairman of the Board

MC Mining Limited Announces Resignation of Khomotso Mosehla as Independent Non-Executive Director

MC Mining Limited, Annual General Meeting, Nov 30, 2023

Less than half of directors are independent

MC Mining Limited, Annual General Meeting, Nov 30, 2022

Less than half of directors are independent

Recent updates

MC Mining Limited Announces Nhlanhla Nene Will Step Down as Director and Chairman of the Board

MC Mining Limited Announces Resignation of Khomotso Mosehla as Independent Non-Executive Director

Goldway Capital Investment Announces Satisfaction of Minimum Acceptance Condition

Goldway Capital Extends Offer to MC Mining Shareholders

Dendocept Proprietary Limited, Pacific Goal Investment Limited, Shining Capital GP Limited, Ying He Yuan Investment (S) Pte. Ltd, Longelephant International Trade Limited and Golden archer Investment (pty) Ltd cancelled the acquisition of remaining 35.6% stake in MC Mining Limited (ASX:MCM)

IBC of MC Mining Reviews the Second Supplementary Bid from Goldway

MC Mining to Make an Application to Cancel the Admission of its Shares to Trading on AIM

MC Mining to Make an Application to Cancel the Admission of its Shares to Trading on AIM

MC Mining Announces Receipt of Notice of Intention to Make A Takeover

MC Mining Announces Receipt of Notice of Intention to Make A Takeover

MC Mining Limited, Annual General Meeting, Nov 30, 2023

New major risk - Financial position

MC Mining Limited Announces Significant Increases in Mine Life and Coal Reserves

First half 2023 earnings released: US$0.005 loss per share (vs US$0.005 loss in 1H 2022)

Less than half of directors are independent

MC Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 40.005344 million.

MC Mining Limited, Annual General Meeting, Nov 30, 2022

Full year 2022 earnings released

MC Mining Limited Provides Update on Makhado, Vele and GSP

Less than half of directors are independent

MC Mining Limited Announces the Completion of A Bankable Feasibility Study for Its Fully Licenced Makhado Hard Coking Coal Project

MC Mining Limited Announces Board Changes

MC Mining Limited Announces of Sam Randazzo as Resignation of Executive Director

First half 2022 earnings: EPS in line with expectations, revenues disappoint

MC Mining Limited Announces Board Resignations

Insufficient new directors

MC Mining Limited Announces Resumption of Opeation At Uitkomst Colliery

MC Mining Limited Announces Temporary Suspension of Colliery Operations

First half 2021 earnings released: US$0.018 loss per share (vs US$0.05 loss in 1H 2020)

Acting Chief Executive Officer Brenda Berlin has left the company

MC Mining Limited Announces Executive Changes

MC Mining Limited Announces Mopane Mining Right Granted

MC Mining Limited Announces Resignation of Brenda Berlin, Acting Chief Executive Officer, Effective 15 February 2021

MC Mining Limited Announces Resignation of Brenda Berlin as Acting Chief Executive Officer, Effective 15 February 2021

Full year earnings released - €0.086 loss per share

South Africa Congo Oil Company (Pty) Limited acquired SA Mineral Resources Corp, Ltd. (JSE: SAM) from Encha Group Limited in a reverse merger transaction.

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age